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Nov 29, 2012
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, $15 million in state tax, using missouri state tax rate. guess what? governments take nearly a billion dollars, took in nearly a billion dollars last night and the winner split 232 million. so 116 million. >> gretchen: here is the question that nobody can answer for me today. that is the whole purpose of the lottery, the intention of the lottery originally was for states to raise money to help education. >> sure. >> they do. >> gretchen: excuse me. we are terrible at school right now. our students are on a downgrade. we're talking constantly about having no budgets for our schools and we're talking right now on capitol hill about raising taxes because we have no money. >> and by the way, guys, there is a huge, huge controversy brewing over this literally trillion dollar bomb that could explode in student loans defaulting and maybe there is going to be some sort of push to bail that sector out. maybe that's the next obama bailout. >> steve: thank you very much. we'll be watching you and brian. you'll be two of the five on "the five." >> bria
, $15 million in state tax, using missouri state tax rate. guess what? governments take nearly a billion dollars, took in nearly a billion dollars last night and the winner split 232 million. so 116 million. >> gretchen: here is the question that nobody can answer for me today. that is the whole purpose of the lottery, the intention of the lottery originally was for states to raise money to help education. >> sure. >> they do. >> gretchen: excuse me. we are terrible at...
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Dec 4, 2012
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that's just a fact, david. >> people would prefer it be done through tax reform, through tax loopholes, but also let me -- >> do you explain to them that by tax loopholes you're not going to get enough revenue to do what needs to be done? >> you are going to get to the 800 billion the speaker said you were going to get to. >> no, i don't think that's right, david. >> we have, again, our economists say we can get to that 800 billion. you have an economist says that you can't get to the 1.6 trillion that the president is trying to ask for. >> and republican math said that mitt romney was going to be president. >> now, that's a different dynamic. look, if you talk to other republicans, there were some other republicans that perhaps didn't have that level of confidence there but, again, i want to go back to this point. >> real quickly, david. we're out of time here. >> the fact is, the president and tim geithner have willfully taken a position that, in fact, in terms of generating revenue that there's only one way to generate revenue and that's through raising taxes and the president has b
that's just a fact, david. >> people would prefer it be done through tax reform, through tax loopholes, but also let me -- >> do you explain to them that by tax loopholes you're not going to get enough revenue to do what needs to be done? >> you are going to get to the 800 billion the speaker said you were going to get to. >> no, i don't think that's right, david. >> we have, again, our economists say we can get to that 800 billion. you have an economist says that...
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Dec 6, 2012
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licensed by the state and paying taxes to it. this, all while theç federal government still views possessing and certainly growing, selling, and distributing marijuana as serious felonies. how's that going to work is the big question that hangs over whatever celebrations the citizens of washington might engage in tomorrow. on a side note, tomorrow is also the first day that same-sex couples will be able to get marriage licenses in washington. then on sunday, they will actually be able to tie the knot. that was another huge stage washington state voters approved in the last election. if you are betting on how this country will evolve in the next few decades in terms of politics and policy, two safe bets. marriage equality and marijuana. both of those policies go into effect tomorrow in washington. the truly fascinating thing here is that starting tomorrow, we will see an abstract debate, an abstract policy discussion that we've had for many years. should pot be legal? how might it change society? how might it improve it? we'll s
licensed by the state and paying taxes to it. this, all while theç federal government still views possessing and certainly growing, selling, and distributing marijuana as serious felonies. how's that going to work is the big question that hangs over whatever celebrations the citizens of washington might engage in tomorrow. on a side note, tomorrow is also the first day that same-sex couples will be able to get marriage licenses in washington. then on sunday, they will actually be able to tie...
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Dec 3, 2012
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we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a doctor strang love. how many republicans will be willing to stand up to that threat. david corn is here to talk about it, the washington bureau chief for mother joins and the author of "47 percent" he's a member of the gridiron society and john feehery is a republican strategist. grover, you're playing defense here. one man elected to nothing. the fact that saxby chambliss comes up, i don't have to live up to some pledge i made 20 years ago and calls up and has grover on the phone going through the transcript of what he said and he's apologizing for each segment as it. what's going on? a senator has to kiss butt to this guy? >> i have known grover for a long time and i like him and he representing -- >> you're afraid of him too. >> i'm not afraid of him. he represents a cause and he's been amazingly successful because taxes have gone down for a long time because of grover. what do we nou becau
we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a doctor strang love. how many republicans will be willing to stand up to that threat. david corn is here to talk about it, the washington bureau chief for mother joins and the author of "47 percent" he's a member of the gridiron society and john feehery is a republican strategist. grover, you're playing...
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Dec 7, 2012
12/12
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pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being the expiration of the bush tax cuts at the end of this year. to some extent, now they're getting to the real deadline and it is more serious. host: have you written one of the, if we go over the cliff, this is what happens-type article? guest: yes. people would probably start feeling it in their paychecks pretty quickly. never mind what it means to the broader economy. it will hit. it will hurt a lot of people. if we did not change the law and it went one month, two months, three months, it could lead to another recession because there be such a sharp drop in people's incomes and it would be s
pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being...
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Dec 6, 2012
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no to taxes. do you any any republicans sent to congress to facilitate the president spending to us oblivion? they no. or they will be sent home. >> president feels like he was elected on a campaign where he mentioned on the stump many times, raising tax rates. >> i understand that. >> but under our system the congress writes the law and president enforces them. if they don't go along with the law that the president wants it won't become the law. then we won't let him borrow more and he can't spend more than what the treasury collects. it's forced to reduce spen spending. that is the only way to get the house in order. >> over the cliff. >> over the cliff. >> juan? >> i hope not. i don't think it's good for most of america. it could be damage for economy struggling to recover. takes us further down the road for what i think is the news of the day. argument over the debt ceiling today. that is one point of the republican lench in the dole. some machiavellian misstep made. he wanted the democrats to
no to taxes. do you any any republicans sent to congress to facilitate the president spending to us oblivion? they no. or they will be sent home. >> president feels like he was elected on a campaign where he mentioned on the stump many times, raising tax rates. >> i understand that. >> but under our system the congress writes the law and president enforces them. if they don't go along with the law that the president wants it won't become the law. then we won't let him borrow...
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we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and n bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. u have front runners tha become mayor . they will not support it it was a nonstarter and never going to work in the stave you have a bett chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future andew hires and f their plans. you don't have ill defined benefits and by the way the private sector doesn't get. there is a pension liability in the state of the california. vicki is right. government services are starting to get cut in cities in calirnia . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things
we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and n bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. u have front runners tha become mayor . they will...
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Nov 30, 2012
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loopholes and lower tax rates. that's far better for the economy, and the american people actually favor that approach by two to one. they favor it even more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last couple of years that could inform a solution. i hope the president will draw from those discussions and work with both parties to find common ground. solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. and for the unity of our country and my colleagues, we're ready to work with the president to achieve those goals. >> reporter: on the issue of tax cuts, are you willing to accept -- [inaudible] what's our final deadline on -- [inaudible] >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're wil
loopholes and lower tax rates. that's far better for the economy, and the american people actually favor that approach by two to one. they favor it even more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last couple of years that could inform a solution. i hope the president will draw from those discussions and work with both parties to find common ground. solving the fiscal cliff in a manner that addresses...
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Nov 29, 2012
11/12
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it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look, republicans need to compromise. they need to keep tax cuts in place forpeople earning $250,000 and less. heays it's time to make a change and now people on the hill saying that the g.o.p. is splintering. what do you say? >> that's not true. actually, what tom was trying to say was it's a tax call thing. tom is against raising taxes on any level. he's against raising taxes on all folks, but have agreement with the president onhis group that's $250,000 and less, clear the table and make the bracket.ions in the upper he's against raising r
it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look,...
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Dec 5, 2012
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that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, l
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating...
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the taxes will go up for the top 2%. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will land on my desk, and i am ready, i have got a bunch of pens ready to sign this bill. >> 30 minutes after the president was finished, house speaker john boehner held a press conference, and he left unanswered the president's call for decoupling that 98% from the richest 2%, and he gave a pessimistic assessment of the si
the taxes will go up for the top 2%. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families....
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Dec 3, 2012
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they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am used to getting tough questions . it has been a a while since i was grilled and since i am guest host and i can't play a bass guitar. i am take questions. only person missing is helen thomas and sit negligent front row and she and i were good friends believe it or not. who is it first. >> hi, dana, i am richard from dallas and got an easy one. you are obviously lovely intelligent nice person, is it difficult to tolerate bob beckel every day? >> very. >> bob and i used to take the train back and forth when we commute benefit we moved to new york. we were in dc and go back together
they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am...
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Dec 1, 2012
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instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a crazy idea. i'm amazed that secretary geithner had the courage to float that yesterday. hence the laughter from senator mcconnell. that's the kind of response it deserves. >> they are laughing in public, but they are panicking behind closed doors. conservative writer matt lewis, writer for "the daily caller", the notion that republicans have leverage is silly. it's the same kind of happy thinking that led to some boldly-predicting a romney victory. he said republicans are so screwed. this is why president obama is playing to his strengths. the president has never had a problem rallying the american people to h
instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a...
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we can live with a little tax increase. we're loaded up here. just move on and don't screw up the economy because we'll lose a lot more money if this market crashes to a second great recession. >> chris, i think to some extent the market has priced in the notion we would go over the fiscal cliff -- >> you're wrong. no. everybody -- who you talking to? i keep talking to people and they -- who you talking to? >> i actually spoke with a source the other day who is in washington, he's an attorney, who said, listen -- >> a lawyer? >> a lawyer but speaks to a lot of folks that are wall street type who says the market could take it for a couple of weeks. >> the cake is baked and they think the intelligence of politicians is up to this challenge. >> but wall street doesn't really have a lot of faith in this process to be able to get done. they have priced in just a little bit that this could happen for a while. maybe not for months, but you wouldn't see the market necessarily crash like the next day. you'd have time. i think if they came back on january
we can live with a little tax increase. we're loaded up here. just move on and don't screw up the economy because we'll lose a lot more money if this market crashes to a second great recession. >> chris, i think to some extent the market has priced in the notion we would go over the fiscal cliff -- >> you're wrong. no. everybody -- who you talking to? i keep talking to people and they -- who you talking to? >> i actually spoke with a source the other day who is in washington,...
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you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about responsible democrats to stop spending so were, or cut back the spending, not just cutting back the increase rate in spending but item spending cuts. >>guest: the rate of increase doesn't have anything to do with the spain people are suffering whether they are middle class or poor. we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the m
you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about...
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so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down with your leader john boehner is out there in what appears to be a campaign style, giving speeches instead of negotiating? >> well, it's disturbing in some respect. he is the leader of the country. and rather than be in washington d.c. in a room working with everybody involved that can make these decisions and push legislation, republicans, democrats, senators, members of house and talking through the knitty gritty, he proposes town and campaigns about it and it's difficult to communicate and talk about things if the president is not in washington to talk. >> dave: especially with roughly two weeks to g
so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down...
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continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best at as a communicator of the republican party. what do you tell people who are worried about republicans or democrats might do in congress that would put their security in jeopardy? >> first and foremost, we are not talking about making change for current seniors or those 10 years from going in. but we have to do something for someone like myself who is 51 or those programs will not be there. we are talking 10-12 years of solvencey between social security and medicare. we have to be adults and leaders and say we have a program and we'll bring viable solutions to future generations. >>
continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best...
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the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5 trillion in debt. president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans ar
the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social...
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Nov 29, 2012
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liz: who pays zero income tax? who got away with paying zero income tax? i like to know how you do that. >> 1500 millionaire families paid no federal income tax in 2009. and if you can't figure out a way to capture their fair share, then how else are you going to fix the problems in our tax code? if you can't do this --. liz: i'll tell you. you close all the loopholes. you make one rate or three rates for everyone. make it very simple. so that is, that is a loophole problem. that is not a marginal rate problem. that is not a go attack wealthy people problem and discourage entrepreneurship and discourage people from trying to make money and get ahead and be successful. >> yeah. liz: when you have somebody like warren buffett out there doing this, it is about attacking wealthy people. i just don't think that is what america is about. >> warren buffett himself, among the wealthiest there is so i don't think you can accuse him of class warfare. it is not just about loopholes, melissa. liz: i think i absolutely can. he is mouthpiece for the white house. he come
liz: who pays zero income tax? who got away with paying zero income tax? i like to know how you do that. >> 1500 millionaire families paid no federal income tax in 2009. and if you can't figure out a way to capture their fair share, then how else are you going to fix the problems in our tax code? if you can't do this --. liz: i'll tell you. you close all the loopholes. you make one rate or three rates for everyone. make it very simple. so that is, that is a loophole problem. that is not a...
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we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. february? no. did anybody do anything? no. in august, they went on vocation and campaigned for their vobs -- jobs. they took off august, september, october, early november and they are now worried about getting a deal before their christmas vacation. they are worried about christmas. i think, go figure. any business owner would never do that. so -- am i too hard on politicians? >> no. what this comes down to is the need for leadership in our country. think about all the problems that you just -- that you just espoused, gret a. and to consider that you take all of those problems and then have you to acknowledge that the leader of and the cause of many of those problems was just re-elected for four more years of the same? four more years of the status quo
we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. february? no. did anybody do anything? no. in august, they went on vocation and campaigned for their vobs -- jobs. they took off august, september,...
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the vote in front of them is going to be to cut taxes. taxes will rise anyway. the bush tax cuts will expire. then they'll bring in legislation saying let's cut taxes for the middle class and every republican out there including john boehner will say i voted for a tax cut, not a tax hike. >> well, here's tom cole speaking with chuck todd about cole's advice to pass the tax extensions for 98% of americans. here it is. rather comical. >> that advice was given in private, but you guys have a way of figuring out what? said in private. somebody leaked it out. that's fine. >> you didn't intend for this to go public? >> no. >> you did not -- this is something you were -- okay. >> but, again, it is what i said. it's not an inaccurate report. >> i mean, did republican leaders want cole's advice to be leaked? >> of course they did. i mean, and if they didn't want it to be leaked, they wanted it to be repeated. so john boehner has wiggle room. he can look like he's the tough guy to the tea party folks who have to vote him back in as speaker. tom cole is really laying out t
the vote in front of them is going to be to cut taxes. taxes will rise anyway. the bush tax cuts will expire. then they'll bring in legislation saying let's cut taxes for the middle class and every republican out there including john boehner will say i voted for a tax cut, not a tax hike. >> well, here's tom cole speaking with chuck todd about cole's advice to pass the tax extensions for 98% of americans. here it is. rather comical. >> that advice was given in private, but you guys...
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Dec 4, 2012
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then you're fighting for tax cuts, not tax increases, but we'll see. and the fact of the matter is that grover is just a vessel for a bigger issue. taxes used to be -- >> he seems to be calling the shots. >> he's not calling the shots. >> last week to figure out -- last week on the media there's a lot of reporting that saxby chambliss stood up to grover or broke with him. here is what he said. let's look at that first. >> i care more about this country than i do about a 20-year-old pledge. >> do you think that grover norquist would hold a no new tax pledge that you signed 20 years ago, would he hold that against you in an upcoming re-election bid for the u.s. senate? >> well, you know, in all likelihood, yes, but i don't worry about that because i care too much about my country. i care a lot more about it than i do about grover norquist. >> well, "the washington post" reports today that five days after making those comments on television -- on radio rather, chambliss and norquist spoke on the phone. as norquist read allowed a transcript of chambliss' e
then you're fighting for tax cuts, not tax increases, but we'll see. and the fact of the matter is that grover is just a vessel for a bigger issue. taxes used to be -- >> he seems to be calling the shots. >> he's not calling the shots. >> last week to figure out -- last week on the media there's a lot of reporting that saxby chambliss stood up to grover or broke with him. here is what he said. let's look at that first. >> i care more about this country than i do about a...
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>> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people other than charles c., that the republicans have become the party of billionaires' and millionaires in this debate. that is what happened in the election of 2012. that really is a continuing problem for republicans. that is what you are seeing to it is not just anti-grover norquist movement. it is a realization that they have a political problem. >> a lot of positive signs for a deal. one is that grover norquist, who is kind of a ridiculous figure, it has been exposed as that and people are walking away. businessmen are in town saying we want predictability, and that is a good sign. but the indication from
>> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people...
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Dec 6, 2012
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he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that translates into $200 billion of less consumer spending next year and that is bad for businesses large and small. >> president obama said that he supports keeping the bush-era tax cuts for the middle class but ending them on incomes over $250,000. lawmakers have until january 1st to strike a deal. >>> just a short time ago the national christmas tree was lit. president obama and the first family joined a star-studded cast to help usher in the holiday season. sue palka was there and joins us live tonight from the ellipse. hi, sue. >> reporter: you're catching me at a perfect time. we're into the entertainment. we just had jason moraz leave the stage. he's a terrific performer and
he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that translates into $200 billion of less consumer spending next year and that is...
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Nov 30, 2012
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the middle class can't possibly afford anymore taxes. that's why the rich have to pay their fair share. >> cenk: let me throw a quick question. >> i think if it's framed that way in terms of jobs and public investment and all of us, i think that's a winning way of framing it. >> cenk: you're definitely right about that, there's no question about that. the question is the guy in the white house is not going to frame it that way. if my prediction is right and we'll go to the upper end of it and say the marge national tax rate gets moved up. is that a good deal for a bad deal? >> it's a bad deal, because remember the clinton highest marginal tax rates on dual filers 39.6% that is still historically very, very low. i mean, before 1980, the highest marge national tax rate was 71% under eisenhower, 91%. even if you consider all of the tax deductions that the wealthy took in those years. the effective tax rate on the highest income people was still about 55%. much higher than the 39% under bill clinton. did the economy suffer? no! we did very w
the middle class can't possibly afford anymore taxes. that's why the rich have to pay their fair share. >> cenk: let me throw a quick question. >> i think if it's framed that way in terms of jobs and public investment and all of us, i think that's a winning way of framing it. >> cenk: you're definitely right about that, there's no question about that. the question is the guy in the white house is not going to frame it that way. if my prediction is right and we'll go to the...
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and he's raised tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing pretty strong consumer confidence despite weaknesses in europe and even in asia. i think america is poised to take off. stuart: well, the republicans are set to respond today when speaker boehner goes in front of the cameras. will he show signs of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its business
and he's raised tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing...
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Dec 5, 2012
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it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over the cliff. >> i don't think the grown-ups believe they have to do the job by january 1st. i believe they believe the grown-ups have to do the job by january 30th or february 15th. >> they're going to believe the politicians can get the job done when they failed to get it done by january 1st. they're then going to believe -- >> i hear what steve is saying there. i'm standing in your camp, which is a rare spot for me to be in, standing in chris's camp here, but i think you're right. i think the markets have not baked this into their equation. >> dysfunction and childishness. >> dysf
it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over the cliff....
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through the way that they would like to see taxes go up, even though they don't want to see taxes go up, through closing loopholes and eliminating deductions. john boehner acknowledges that revenue is going to be part of this deal, but they are standing firm on, they will not agree to at this point to raising tax rates on anyone. so either way, the major issue remains. the major issue, the major hurdle remains the tax rate issue. >> right, right. and meantime it's ticktock, right? and the house is out as of yesterday. members are headed to their home states for a nice long weekend with no deal in sight. the majority leader, eric cantor, says he's going to force congress to keep coming back and stay in session until a deal is done. seriously? >> he is serious. but, i mean, it was a pretty short workweek for the members of the house, that's for sure, as they left, not only left yesterday, they left at noon yesterday, after votes. the fact of the matter is that this has happened before. that they will be out on recess, they will be back in their home districts and the leadership will ca
through the way that they would like to see taxes go up, even though they don't want to see taxes go up, through closing loopholes and eliminating deductions. john boehner acknowledges that revenue is going to be part of this deal, but they are standing firm on, they will not agree to at this point to raising tax rates on anyone. so either way, the major issue remains. the major issue, the major hurdle remains the tax rate issue. >> right, right. and meantime it's ticktock, right? and the...
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Dec 7, 2012
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he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond raising taxes on the well think, tax rates on the well think, he said he wanted a balanced approach etch said during the campaign he wanted $2.50 in cuts for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own campaign pledge. what we've been trying to do, greta, is hold his feet to the fire and say speaker bain wares clear the day after the election. he said mr. president, you won, but so did we. the mandate we have is to work together. we are willing to honor your ledge pledge of $80 billion a year from the wealthiest, which is what you said during the campaign, the $800 billion, but we need the $2.50 for every one dollar in cuts and the president has been completely unwillingo specify those cuts.
he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond raising taxes on the well think, tax rates on the well think, he said he wanted a balanced approach etch said during the campaign he wanted $2.50 in cuts for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and...
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Dec 2, 2012
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you're mugged by taxes, and that turns you in to a liberal. and conservative and a liberal, i was saying this earlier to somebody like a lib call -- liberal can hold on to the idea until it's the property. then it's like they're not sharing at all. that's kind of the, i think that's the evolution. i do worry that, you know, we're becoming part of a society where we believe our government should be this all caring being. i believe the government should help people in need. i think we're establish that the government should be everybody. that scares me a little bit. we have to take it back and teach people self-reliance and achievement matters. it's the only thing that makes them feel good. [applause] >>> time for one last question right back here. >> hello, greg. >> hi. >> i have a question you already started working on or have any idea for the next book. >> who told you to ask the question. [laughter] i told you to wait in the car. [laughter] you never listen, do you? i told you not to let him in. i gave you a picture. you were supposed -- ye
you're mugged by taxes, and that turns you in to a liberal. and conservative and a liberal, i was saying this earlier to somebody like a lib call -- liberal can hold on to the idea until it's the property. then it's like they're not sharing at all. that's kind of the, i think that's the evolution. i do worry that, you know, we're becoming part of a society where we believe our government should be this all caring being. i believe the government should help people in need. i think we're...
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Nov 30, 2012
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tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers plan for cliff. plan to be in quotes. the thing that amazes me and the media lets it happen. for eight years or longer now. i had to defend how many times people said on the left, including president obama when he was running for president the first time, the bush tax cuts only help the ri
tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and...
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dividend taxes could be astronomical. neil: that was the single best explanation of this entire phenomenon that i have heard. >> you flatter me, sir be met really. >> you are very kind. neil: he talked about the avenue of successful investors who was inhibited by the tax rate. i am paraphring. but regardless of what the tax situation was, turning around your argument on dividends, but it could have a big imact on those who might invest in dividend paying stocks with a cd that you get, and maybe that won't happen at all. would he make of that? >> i think he is talking about something else. he is saying that people will not add to employment. neil: i get it, it won't kill the old world investment. >> that will knock it down. 30% of the long-term gain. roughly the right amount in stocks. if you're going to cut that i have, then very roughly, 15% of the value of the stock market, just like that. this is not something that affects only wealt people. it affects anyone who is saving stock market for his or her retirement. that i
dividend taxes could be astronomical. neil: that was the single best explanation of this entire phenomenon that i have heard. >> you flatter me, sir be met really. >> you are very kind. neil: he talked about the avenue of successful investors who was inhibited by the tax rate. i am paraphring. but regardless of what the tax situation was, turning around your argument on dividends, but it could have a big imact on those who might invest in dividend paying stocks with a cd that you...
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but they would complain about paying their taxes they were proud to pay their taxes but who complained about as you know what the government not you know getting a good good bang for the buck kind of wasting the money two thousand dollars toilets you know in the eighty's you know it became you know you know just taxes themselves are bad thing and then you know you had the republican young guns like grover norquist for example. you know who just sort of took that issue and seized upon it and made it their you know they raise money that kind of bought into jude when his skis to santa claus theory and decided to go on the santa clause of tax cuts and they've been doing that for thirty years it didn't work it's not working anymore it seems like there was yeah and that's fine with me yeah ok tell me christopher thanks for being with them thanks very much always great to have. coming up every second every second two point four million pounds of carbon pollution are being pumped into the atmosphere warming the planet and having disastrous effects on our environment is a startling statistic en
but they would complain about paying their taxes they were proud to pay their taxes but who complained about as you know what the government not you know getting a good good bang for the buck kind of wasting the money two thousand dollars toilets you know in the eighty's you know it became you know you know just taxes themselves are bad thing and then you know you had the republican young guns like grover norquist for example. you know who just sort of took that issue and seized upon it and...
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reform, spending cuts and new taxes? >> brianna keilar, thank you very much. >>> the grieving kansas city chiefs come together and pull out a win over the carolina panther, a day after police say their teammate, jovan belcher, shot and killed his 22-year-old girlfriend, kasandra perkins. a few minutes afterwards he turned the gun on himself outside the chiefs practice facility in front of his coaches and general manager. he and perkins leave behind a 3-month-old daughter. >>> major changes are come together manual psychiatrists use. over the weekend the american psychiatrist association voted to amend the diagnostic and statistical manual. for example, a child wit with asberger's syndrome. >> nasa officials will discover the curiosity's full away of analytical instruments during a news conference today in san francisco. the mars rover is searching for organic compounds, which are the building blocks of life. last week it was suggested that curiosity may have found simple organic molecules. >>> president obama recognized
reform, spending cuts and new taxes? >> brianna keilar, thank you very much. >>> the grieving kansas city chiefs come together and pull out a win over the carolina panther, a day after police say their teammate, jovan belcher, shot and killed his 22-year-old girlfriend, kasandra perkins. a few minutes afterwards he turned the gun on himself outside the chiefs practice facility in front of his coaches and general manager. he and perkins leave behind a 3-month-old daughter....
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Dec 6, 2012
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republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the
republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure...
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Nov 29, 2012
11/12
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all of these things. it really never deals with the fumblefundamental problem in our country which is the spending. our problem is not that we're taxed too little, we just continue to spend too much. >> he is asking that the debt ceiling that he has sole control over and how much the debt ceiling can be raised without having to get permission from capitol hill. i mean,
, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change...
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sohere --on't republins have a gripe that he is kind of skewed in favor of taxes, taxes, taxes? >> i'm not going to play a pun it hire, oururpose in coming to washington a group of three democrats and three republican governorso make sure tt perspective of the governors is heard. we you know meeti wh the president day was very productive. he -- >> how? how it was productiv what did he agree to? >> look, we didn't come to support his plan or the republican plan. i think -- >> why did the come? why? >> we came because as these convsations are going on. we want to makeure that perspeive the governors is heard, the fact that states are partners with federal gernment across a whole range of programs, and answer is not just a shift of cost to state, you don't -- just because you move mone off feder budget does notean you are saf figure money is picked up by the state. we talk about importance of flexibility in terms of some state programs. and president was on to that. neil: you run one o the most i guess for lack of a better term, one of the more incorporated states, se -- s many cop
sohere --on't republins have a gripe that he is kind of skewed in favor of taxes, taxes, taxes? >> i'm not going to play a pun it hire, oururpose in coming to washington a group of three democrats and three republican governorso make sure tt perspective of the governors is heard. we you know meeti wh the president day was very productive. he -- >> how? how it was productiv what did he agree to? >> look, we didn't come to support his plan or the republican plan. i think --...
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Dec 7, 2012
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cuts to protect tax cuts for the very wealthy. that's not where they want to be and somewhere deep inside they know that. >> secretary solis, no matter who they voted for, americans are clearly saying that they want compromise and even if it means accepting policies they don't necessarily agree with. 59% of obama voters want compromise. 54% of romney voters want come pro-might. you've told people they should call their congressman and senators. >> yes. >> should they tell them, let's act like adults and work this out? >> absolutely. and what is really most important is that the public has spoken. we just got through an election and now is the time for people to come together. the president has extended an olive branch. he continues to do that and all of us are working day and night until we get there. i know it's in the best interest of our economy and the world. everyone is looking to the united states for leadership and this president has exerted so much leadership, we need to continue that. it's not one party benefiting over an
cuts to protect tax cuts for the very wealthy. that's not where they want to be and somewhere deep inside they know that. >> secretary solis, no matter who they voted for, americans are clearly saying that they want compromise and even if it means accepting policies they don't necessarily agree with. 59% of obama voters want compromise. 54% of romney voters want come pro-might. you've told people they should call their congressman and senators. >> yes. >> should they tell...
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Nov 30, 2012
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a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes a
a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how...
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Dec 5, 2012
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nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a different position than he has now. play that sound for everybody so they can remember. sorry. it's a full screen. i will read the quotation. what we said was give us $1.2 trillion in additional revenues which could be accomplished without hiking tax rates but simply accomplished by eliminating loopholes, some deductions and engaging in a tax reform process to lower rates generally while broadening the base. that is different from where the president is at now. is there currency to the republican argument that the president has moved the g
nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a...
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tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the house. more than two in three people support tax hikes for the wealthy. it is something that republicans will be grapling with from now until new year's day. >> thank you. >> your proposal that republican lawmakers should agree with democrats should extend tax cuts for those making $250,000 or less later that is an idea that a lot of republicans are reki resisting. what kind of push back are you getting? >> i think some have more questions about it. i don't believe in raising tax rates on anybody. by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. if we agree that taxes should pt go up on 98% of the people? shoundn't we set that aside now? i think we'll win the argument on the other areas. putting people at risk. is something that we shouldn't do. >> speaker boehner sa
tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the house. more than two in three people support tax hikes for the wealthy. it is something that republicans will be grapling with from now until new year's day. >> thank you. >> your proposal that republican lawmakers should agree with democrats should extend tax cuts for those making $250,000 or less later that is...
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tax dollars, tax dollars, tax dollars, are being spent on facelifts and liposuction for teachers. the total bill this past year, ready for this? $2.7 million. now that is down from the year before, which was $5.2 million. how does this happen? well, it turns outs the perk is included as a ride he were in the teachers' contract, and that's raising big questions about unions and collective bargaining. we're back with our political panel. this is byron york's favorite story of the night. byron? >> this story blew my mind. it goes back to a contract that was ratified in the 1970s, when unions were getting about everything they wanted. the schools were giving unions everything they wanted. and plastic surgery was not as common at the time. what's happened is, it stayed in the contract, and teachers began, and employees began, using it more. now they haven't had a new contract since 2004, but there's in new york state law that allows unions to keep going with the contract that's -- even if it's expired, so there's no incentive for anybody to negotiate a new one. so the union gets perks
tax dollars, tax dollars, tax dollars, are being spent on facelifts and liposuction for teachers. the total bill this past year, ready for this? $2.7 million. now that is down from the year before, which was $5.2 million. how does this happen? well, it turns outs the perk is included as a ride he were in the teachers' contract, and that's raising big questions about unions and collective bargaining. we're back with our political panel. this is byron york's favorite story of the night. byron?...
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Nov 30, 2012
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dems want revenue through marginal tax increases on the wealthy. the republicans want entitlement cuts. >> raising tax rates is unacceptable. >> jon: well, let's just check in with the democrats and see where they are at on entitle am reform. >> mr. durbin, the number two man in the senate and other democrats are saying entitlements for this fiscal cliff deal are off the table. >> jon: okay so, the only way to solve there sen titlement reform and tax revenue and those are both off the table so-- i don't want to close my eyes ♪ ♪ i don't want to fall asleep ♪ ♪ because i miss you girl ♪ don't want to miss a thing ♪ ♪ (laughter) >> jon: really? pen microphone? i guess this means there's no way of avoiding the fiscal cliff, the self-imposed fiscal-friendly fire. unless, no, no, way. i could never -- perhaps. we can solve this numbers problem with words. >> frankly i call the fiscal abyss. >> more like y2 k. >> more like a bermuda try and egg. >> more like a grand canyon. >> taxmageddon. >> it's a hill. >> jon: hill, hill, that last one i
dems want revenue through marginal tax increases on the wealthy. the republicans want entitlement cuts. >> raising tax rates is unacceptable. >> jon: well, let's just check in with the democrats and see where they are at on entitle am reform. >> mr. durbin, the number two man in the senate and other democrats are saying entitlements for this fiscal cliff deal are off the table. >> jon: okay so, the only way to solve there sen titlement reform and tax revenue and those...
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question of corporate tax reform? has it morphed into something different than what it was? windmills have been laid out already. everybody seems to be staking out their turf. unrelated, are you related to paul bowles, the writer? >> i can answer really quickly. i am not a candidate for any job working for anybody anywhere. i am 67 years old. i have been married 42 years. i live with my wife 22 of those and the rest of the time i have been on the road. i am going home to charlotte and i will stay there. i will do anything i can on a part-time basis to help anybody where my help is helping. i am not taking any jobs nor do i think i would be the right person to be offered it. there are a lot people for that job. as far as the corporations and the senator staking out turf for windmills, everybody is like my mama. she says, she is 92 years old, you are doing all the right things, you are fiscally conservative, you are putting the nation's fiscal health in order, but do not mess with my health care. we are all like that. w
question of corporate tax reform? has it morphed into something different than what it was? windmills have been laid out already. everybody seems to be staking out their turf. unrelated, are you related to paul bowles, the writer? >> i can answer really quickly. i am not a candidate for any job working for anybody anywhere. i am 67 years old. i have been married 42 years. i live with my wife 22 of those and the rest of the time i have been on the road. i am going home to charlotte and i...
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pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being the expiration of the bush tax cuts at the end of this year. to some extent, now they're getting to the real deadline and it is more serious. host: have you written one of the, if we go over the cliff, this is what happens-type article? guest: yes. people would probably start feeling it in their paychecks pretty quickly. never mind what it means to the broader economy. it will hit. it will hurt a lot of people. if we did not change the law and it went one month, two months, three months, it could lead to another recession because there be such a sharp drop in people's incomes and it would be s
pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being...
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you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating image? well, you've got occupiers who have been pooping on police cars. show that to the school kids. >> sean: well said. michelle malkin. great points. thank you for being with us. >> you bet, take care. >>> >> sean: coming up next, liz cheney on the breaking news out of syria. the government stands ready to use sarin nerve gas on its own people. a senior firm confirmed this to fox news. >>> women in egypt are fearing for their lives as sex mobs are preying on the public. the situation is getting dispratt. where is the outrage and the support from the feminists who screamed about the so-called
you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating...
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then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations,ut obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. neil: welcome back. >> most of you know me pretty well. what you see is what you get. while i may be affable and someone who can work with members of both parties, which i have demonrated over the 20 years i've been here, i have also determined to solve our spending problem. to also solve this debt criis. neil: speaker john boehner is not too confident that things are looking good. saying tt republicans are not the ones blocking a deal to avoid the disa
then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations,ut obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which...
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tax code. you want a flatter tax code for those with less money pay more into the system. republicans have tried to talk around that because that's anç unpopular thing to tell your tea party base, middle class people, no, we think lower income people and middle income people should pay more. but when we strip away all the rhetoric about job creators and the rest, that is the core of conservativism. rich people should not pay more. they should pay less. poorer people should pay more. that's what they believe. >> i enjoy listening to progressives and liberals talk about the core of conservativism because you have it wrong. >> what does slashing the tax code -- >> this whole notion, like president obama has this fetish, we have to raise the rates on the top 2% to raise the deficit -- >> ron, ron, just one -- just one second. >> i'm almost -- >> no, you're -- ron, your narrow -- i'm sorry, ron, but you're now doing what eric can'ter, you're saying the sense the president has been speaking and con
tax code. you want a flatter tax code for those with less money pay more into the system. republicans have tried to talk around that because that's anç unpopular thing to tell your tea party base, middle class people, no, we think lower income people and middle income people should pay more. but when we strip away all the rhetoric about job creators and the rest, that is the core of conservativism. rich people should not pay more. they should pay less. poorer people should pay more. that's...
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tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in meetings and there was acknowledgement by both sides and that's why you had a letter of 40 republicans and 16 democrats that had revenue and entitlement reform in the letter six months ago. i think it's there. >> dave, let me ask you, quickly, let's say there's a deal. is it possible for a political win to come out of a deal for republicans? >> listen if we get to the successful conclusion that's moving things forward the country wants this resolved, right? being able to get to that resolution as a reflection then that you successfully governed
tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in...
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which would be income capital gains estate taxes the i just mentioned a couple games and state taxes go up investments in infrastructure let's rebuild this country help for struggling homeowners an extension of the payroll tax cut unemployment benefits this by the way sounds eerily like what dwight eisenhower did in the early fifty's when well during the recession the recession fifty one fifty two and eisenhower came in started building it actually i was system the g.i. bill they were there were you know in any case so where is this going to go i think you know frankly should've gone a step farther as an initial mission negotiated point and said we're not going to roll back the bush tax cuts we're going to roll back the reagan tax cuts and you know let's take it back to seventy four percent but you know mark i think there's a mistake here i don't think anything's really going to get done i think again that the main thing the main constituency of the newly elected and the incumbents is their party it's not the american people they can pass a budget i don't see why anybody thinks they
which would be income capital gains estate taxes the i just mentioned a couple games and state taxes go up investments in infrastructure let's rebuild this country help for struggling homeowners an extension of the payroll tax cut unemployment benefits this by the way sounds eerily like what dwight eisenhower did in the early fifty's when well during the recession the recession fifty one fifty two and eisenhower came in started building it actually i was system the g.i. bill they were there...
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the fact of the matter is, our tax is a high tax state even though i did cut taxes. our unemployment rate never went much over 6.5%. it has been consistently much below the nation's unemployment rate the entire time. secondly, what you're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was under george bush or barack obama. so i think your case is good in the short term, not so good in the long term. i think the best way to restore confidence in wall street in the long term would be to show we're serious about the deficit. i don't think any deal they strike will be as serious about the deficit as this fiscal slope. >> i just think that era, you're right. the economy boomd especially in the mid 1990s and late 1990s. i don't think it did so well a couple years after bill clinton raised taxes. that's one of the reasons 1994 republicans had the biggest election they
the fact of the matter is, our tax is a high tax state even though i did cut taxes. our unemployment rate never went much over 6.5%. it has been consistently much below the nation's unemployment rate the entire time. secondly, what you're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was...
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instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there's $600 billion. the speaker says that's not enough. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a deal, the economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in all of this. where do the talks go from here this week? >> well, the white house said president obama presented his plan last week and the gop leaders shot it down. now,
instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there's $600 billion. the speaker says that's not enough. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every...
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once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues have to be touched. >> to make sure we have revenue necessary in order to move this economy forward. >> we are willing to put revenue on the table as long as we are not raising rates. >> reporter: the president says no long-term deal without a rate hike on the rich. he is urging the middle class to lobby lawmakers. >> when american people speak loudly enough congress listens. >> reporter: 33 days, no deal yet. >>> the stock market rallied today as investors are hopeful that a deal will me made to prevent a fiscal cliff. >>> president obama met with his full cabinet for the first time since he was reelected. when he spoke out on behalf of susan rice cabinet members applauded and believe she is his top choice to replace secretary of state hill clinton but one moderate says she has doubts about rice. >> i continue to be troubled by the fact that the u.
once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues have to be touched. >> to make sure we have revenue necessary in order to move this economy forward. >> we are willing to put revenue on the table as long as we are not raising rates. >> reporter: the president says no...
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house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brai
house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more...
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>> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know. that's the whole question, what are they. go ahead. >> we've heard from lindsey graham yesterday or the day before with regards to revenue. he still contends, ari, that you can raise a significant chunk of revenue, he's thrown out $800 billion at least by closing loopholes and limiting deductions, whether it's $30,000, $40,000, $50,000. >> yeah, but he's just talking, right? just talking. what the president has done is outlined a plan. he outlined it once and the american people voted for it, and he outlined it again, not surprisingly, the same c
>> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know....
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two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane orissues thatan be discussed in 2013 in deliberative manner liening to you constituents. that is the key.
two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not particularly looking for us personally each player such as it should be fair across the board people should pay proportionately. from it really. feels like it's going to the fact that some of. the communities it's just. good. business. so as you can see there are a lot of people just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognise marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise through prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated about it. he's maybe
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not particularly looking for us personally each player such as it should be fair across the board people should pay proportionately. from it really. feels like it's...
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that comes through smart tax policy, not dumb tax policy. melissa: but they always say, if you don't, the wealthy won't miss it. they will just pay a little bit more. it is fair their share. it wil help close the gap. how do you respond to that? >> all of that money is locked up into productive activity whether in a business or the stock market or somewhere else so the more that you tax that income, at means there's less investment, there's less for the business. there is less for hiring. it has to come from somewhere. it is not a costless exercise and ultimately that trickles down to workers through lower productivity and lower wages. that is bad forverydy. that means lower standards of living for everybody. melissa: bob, is there mon difference between money in the hands of the government and money in the hands of the private sector. >> certainly the private sector is better productively. melissa: how do you know that? >> how do i know that? you see that in economies where private sector activity do more productive over time than economies
that comes through smart tax policy, not dumb tax policy. melissa: but they always say, if you don't, the wealthy won't miss it. they will just pay a little bit more. it is fair their share. it wil help close the gap. how do you respond to that? >> all of that money is locked up into productive activity whether in a business or the stock market or somewhere else so the more that you tax that income, at means there's less investment, there's less for the business. there is less for hiring....
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tax increases. after that, ezra klein breaks down the offer and we will discuss today's pow wow between state governors and president obama and what it pore tends for the 21 million americans hoping for health care and "the new york times" frank bruney weighs in on doma and cage for marriage equality when "now" starts in just three minutes. n't my daughs black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. gas-x is designed to relieve gas. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. ♪ but the fire is so delightful ♪ nothing melts away the cold like a h
tax increases. after that, ezra klein breaks down the offer and we will discuss today's pow wow between state governors and president obama and what it pore tends for the 21 million americans hoping for health care and "the new york times" frank bruney weighs in on doma and cage for marriage equality when "now" starts in just three minutes. n't my daughs black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [...
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taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year. >> $82 billion. >> bill: a year? >> per year. >> bill: that's still not -- all right. so, but then to get those tax hikes, what does lou dobbs want as far as spending cuts? >> well, you know, first of all i wouldn't negotiate in the
taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is...
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Dec 7, 2012
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. >> we turn to the growing fiscal cliff.the president obama took his pitch higher taxes to a fairfax county home. met with a family in falls church. mr. obama is pushing for a tax makease on garner's who than $250,000 a year. -- on earners who make more than two and $50,000 a year. spending cuts will go automatically into effect. maryland law makers are on guard martin o'malley and mike miller and michael bush were in annapolis while they discuss the financial fallout the state face. between 50,090 thousand jobs notd be lost if a deal is reached. -- 50,090 thousand jobs could deal is not reached. a new proposal could be families living in the bloomingdale section of town. is live.dfrey >> engineers call this area an anomaly. it is where three major storm drains throughout the city converge. is a flash flood, people do not have a chance. proposal is hoping to help .hose >> ryan describes the hisruction left behind when flooded four times a in for summer having dried out with no help from officials, e is one steph ahead. >> we will have to hold our breaths for next year and hope our pa
. >> we turn to the growing fiscal cliff.the president obama took his pitch higher taxes to a fairfax county home. met with a family in falls church. mr. obama is pushing for a tax makease on garner's who than $250,000 a year. -- on earners who make more than two and $50,000 a year. spending cuts will go automatically into effect. maryland law makers are on guard martin o'malley and mike miller and michael bush were in annapolis while they discuss the financial fallout the state face....
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Dec 7, 2012
12/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> first he supported and now he doesn't. we're talking about mitch mcconnell's legislation to avert defaulting on the nation's debt t would give the president greater power to raise the debt ceiling without approval, something the president wants. senator mcconnell brought up the legislation yesterday morning but by yesterday afternoon he was objecting. >> is there an objection? >> preserving the right to object matters of this controversy, what we're talking about is a perpetual debt ceiling grant in effect to the president. >> this morning, republican leader asked for consent on his proposal. just now i told everyone that we're willing to have that vote. up or down vote. and now
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> first he supported and now he doesn't. we're talking about mitch mcconnell's...